Cherry Hill Mortgage Investment Corp

Chart & Performance

D1W1MN

Profile

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.

URL

https://www.chmireit.com/

IPO date

Oct 04, 2013

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	(9,954) -124.77%	40,193 42.84%	28,138 -149.09%
Cost of revenue	24,978	18,142	28,451
Unusual Expense (Income)
NOPBT	(34,932)	22,051	(313)
NOPBT Margin	350.93%	54.86%
Operating Taxes	523	5,070	781
Tax Rate		22.99%
NOPAT	(35,455)	16,981	(1,094)
Net income	(34,794) -260.05%	21,739 76.98%	12,283 -123.08%
Dividends	(31,211)	(30,818)	(28,455)
Dividend yield	29.38%	26.84%	19.84%
Proceeds from repurchase of equity	31,054	33,307	10,034
BB yield	-29.23%	-29.01%	-6.99%
Debt
Debt current	984,606	183,888	145,268
Long-term debt	220,193	299,267	260,647
Deferred revenue		1,143,309	1,024,046
Other long-term liabilities		775,533	(145,268)
Net debt	(152,854)	29,836	(1,783,720)
Cash flow
Cash from operating activities	40,659	59,913	48,007
CAPEX		(38,036)	(55,375)
Cash from investing activities	(104,054)	(128,202)	166,521
Cash from financing activities	67,168	57,066	(267,969)
FCF	(164,676)	(969,044)	(324,575)
Balance
Cash	72,390	337,059	1,017,412
Long term investments	1,285,263	116,260	1,172,223
Excess cash	1,358,151	451,309	2,188,228
Stockholders' equity	(117,123)	(78,994)	(32,439)
Invested Capital	1,481,535	2,631,128	2,358,351
ROIC		0.68%
ROCE		1.57%
EV
Common stock shares outstanding	26,294	19,796	17,346
Price	4.04 -30.34%	5.80 -29.87%	8.27 -9.52%
Market cap	106,227 -7.48%	114,815 -19.96%	143,448 -7.14%
EV	71,651	263,511	(1,521,942)
EBITDA	(36,567)	22,664	15,929
EV/EBITDA		11.63
Interest	51,642	17,563	5,768
Interest/NOPBT		79.65%